job description - Financial Accountant (Junior)
1 year + related work experience.- Studying towards or have a completed relevant degree/diploma.
- Experience with Pastel Evolution or a similar accounting software.
- Microsoft Office skills.
What You’ll Do For The Brand:
Financial metrics
- Review of general ledgers to ensure cashbook and creditors capturing are correctly allocated and VAT correctly accounted for.
- Capturing and posting of monthly journals.
- Preparation of monthly management accounts.
- Preparation of performance measures relevant to the management accounts.
- Ensure the management accounts are prepared timeously to ensure there is adequate time for review by the Senior Financial Accountant.
- Preparation of annual financial statements.
- Review and approval of payments.
- Responsible for binding the final pack of management accounts which will be reviewed by the Group Financial Manager.
- Preparation of monthly balance sheet reconciliations by deadline communicated by the Senior Financial Accountant.
- Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by subordinates.
- Processing of non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, management fees, administration fees etc.) and complex transactions
- Ensure correct capitalization of assets vs expensing repairs/maintenance or expensing items that will be consumed within one month.
- Ensure the cashbook clerks, creditors and debtors meet their deadlines which will allow sufficient time for review of all general ledgers before the preparation of management accounts.
- Review VAT general ledger account, prepare Output and Input Reasonableness schedules and VAT Reconciliation which will be reviewed by the Senior Financial Accountant for the period which it’s due.
- Review and approve all loan, creditors, facility, instalment sales reconciliations to external statements.
- Process accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates)
- Process goods in transit to the goods in transit liability account based on risk and rewards associated with various shipping terms and reconcile to the goods in transit stock account.
- Preparation of listing where orders are matched to DN and follow up on unfilled orders to ascertain completeness of stock/creditor.
- Preparation of the calculation of short-term portions and ensure reliable data sheets are maintained to enable this monthly.
- Process monthly standing debit orders (rent, insurance, telephone, subscriptions etc.).
- Assist the Senior Financial Accountant in the preparation of Budgets.
- Assist the Senior Financial Accountant with the quarterly mini audit.
- Prepare all schedules required by the External Auditors, Internal Auditors and BEE Auditors.
- Facilitate requests by External Auditors, Internal Auditors and BEE Auditors for documents required for substantive testing.
- Assist Senior Financial Accountant on ad hoc tasks which will enable him/her to fulfill their duties.
- Process credit notes.
People
- Performance must be tracked by yourself, and the onus is on you to set-up performance review meetings with the Group Financial Manager.
Compliance, risk and quality:
- Comply with company policy and procedure.
- Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place.
- Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models - of which is substantiated by facts with no numbers in the formulas.
- Ensure the above (final version) and other documents are chronologically saved/backed up.
- 100% compliance with COSACT, Tax acts, IFRS/IFRS for SMEs and other laws/regulations relating to finance.
- Preparation of department process write-ups/ system descriptions and quarterly updating.
Growth and new markets/products
- Ensure measures are put in place and steps are taken to achieve the short term, medium term and long-term goals.
- Assist with company projects from time to time.
What You’ll Bring To The Team:
- Ability to solve problems in a timely and effective manner.
- High sense of dedication to one’s own work.
- Must show strong leadership skills.
- Being proactive and taking action to achieve goals.
- Good time management skills.
- Must be results oriented.
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